Tag Archives: Heineken N.V

Heineken N.V cheered its full year results for 2017 as it reported a 5.37% (5% organic) rise in revenue to €21.9bn. Profits in the same period jumped 7.1% to €2.2bn from €2.09bn in 2016.

Commenting on the results, Jean-Francois van Boxmeer, chief executive officer, Heineken NV said, “We delivered strong results in 2017, with all regions contributing to organic growth in volume, revenue and Operating Profit.” Beer volumes grew 3%, with the “Heineken” beer brand growing 4.5% per hectoliter. The company said that revenue per hectoliter in all regions improved except for Asia Pacific due to negative mix effects.

More fallout has emerged from the recently announced alliance between Global Fund and Heineken. Health advocacy groups in Africa have joined to condemn the partnership between Global Fund, a government, civil society and private sector group that fights the spread of HIV, tuberculosis and Malaria in Africa with the Heineken Group, an alcohol firm.

Global Health NGOs and alcohol concern groups have criticized the recent alliance between Global Fund, a government, civil society and private sector group that fights the spread of HIV, tuberculosis and malaria in Africa with Heineken Group, an alcohol firm.

In a letter sent to Global Fund, an alliance of over 2,000 health organisations decried the move and said the partnership with Heineken would only help the beer firm expand its marketing reach.

Beer giant Heineken NV has joined forces with Global Fund, a government, civil society and private sector group to fight the spread of HIV, tuberculosis and malaria epidemics in Africa.

Heineken said it will provide its expertise in the areas of logistics and communications to support the Global Fund in better reaching specific demographic groups that are most at risk of HIV, tuberculosis and malaria.

Dutch brewer Heineken N.V. announced on Monday the laying of foundation stone for its first brewery in Mozambique.

The company said that the new brewery which will open in the first-half of 2019 will be located in the province of Maputo, cost $100 million (€85m) to build and have a production capacity of 0.8 million hectoliters a year.

Heineken East Africa on Wednesday introduced Amstel beer into the Kenyan market.

Speaking at the event to unveil the brand in Nairobi, Heineken East Africa General Manager, Uche Unigwe said, “The introduction of Amstel was informed by the growing demand by Kenyans for a different brand of quality beer in the market.

Dutch brewer Heineken said on Thursday that it plans to double current production capacity at its newly opened Brassivoire brewery in Ivory Coast by next year with the aim of going head-to-head with French beverage giant Castel which currently dominates the Ivorian beer market.

Beer consumption in Ivory Coast has risen since the end of a decade-long political crisis in 2011. Castel dominates the beer market with its popular Castel, Flag and Solibra Bock brands.

Amsterdam-based Heineken N.V. reported its nine months results to the end of September on Wednesday, with revenue climbing 2.5%, driven by growth in all regions except Europe and the United States.

The company said that beer volume grew 3.4%, driven by growths in Brazil, South Africa, Russia and Mexico.

Net profit for the period rose 19.94% to €1.49bn ($1.75bn) compared to €1.239bn recorded in the same period last year when the company had to take an asset impairment charge of €233m in the Democratic Republic of Congo (DRC).

Heineken has said that it is supporting the 2017 edition of the Lagos Fashion and Design Week. The event showcases Africa’s rich fashion and designs by bringing together the best designers across the continent.

Founded by Style House Files, the LFDW leads the way with initiatives that support, strengthen and develop the fashion industry. Connecting with over 20 million Pan-African insiders, it features runway shows, fashion business series, fashion focus talks, and the #HLFDW after party. This year’s events will feature an exciting four-day line up with the theme, “Africa: Shaping Fashion’s Future”